Further Companies Act changes are due in October
The Companies Act has been in existence for some 150 years, but the sweeping changes that received Royal Assent in 2006 will not be fully implemented until October this year when the final alterations to its 1300 different provisions will finally come into force.
The changes due this autumn to the Companies Act 2006 include areas such as:
- the formation of companies
- companies' constitutions and capacity
- company names and business names
- re-registration of companies as a means of altering status
- protection from disclosure of residential addresses of company directors
- shares and share capital
- company charges
- dissolution and restoration to the register
- unregistered companies and overseas companies
- the registrar of companies
Recognising the complexity of the changes that are yet to come, many solicitors and other professional services firms will be running seminars and other events to explain their main impact on running a small or medium-sized business. Ask your solicitor if they are planning to do so, or set up a special meeting where you can discuss what the changes will mean for you and your organisation.
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Tony Forster Head of Company Commercial
Martino Burgess Associate
Natasha Bliss Associate
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The above notes are intended as guidance to Companies and their directors who can see real dangers ahead. Every situation is different and directors are advised to take professional advice as early as possible. Whilst we hope these guidance notes are helpful they are not a substitute for such advice and are offered free of charge and without liability on our part.